Sui Price Defends Key Support Amid Rising Trader Activity

Key Insights

• SUI defended the crucial $1.18 support zone after rejecting higher Fibonacci resistance, preserving bullish momentum across major technical indicators during current consolidation
• Open interest rebounded toward $938 million as traders returned to derivatives markets, increasing expectations for stronger volatility during May across crypto markets
• Balanced exchange inflows and outflows signaled fading sell-side pressure, while SUI maintained strength above all major moving averages through recent sessions

Sui extended its strong recovery on Monday as buyers defended critical support levels following a sharp rally toward the $1.46 region. The token traded near $1.26 during the latest session, while daily gains approached 12% and weekly growth crossed 33%, reflecting stronger market participation across spot and derivatives markets.

Trading volume climbed to $2.87 billion, while market capitalization reached $5.03 billion as investors increased exposure to the layer 1 asset. Additionally, analysts noted that SUI continues holding above all major exponential moving averages, keeping the broader bullish structure firmly intact despite recent profit-taking.

Buyers Protect Key Levels

Price action showed sellers rejecting SUI near the 0.786 Fibonacci retracement zone after the recent breakout attempt stalled near local highs. However, buyers quickly absorbed the selling pressure and defended the important $1.18 to $1.20 support area during the latest consolidation phase.

Consequently, traders now view the current range as a critical short-term structure before the market decides its next direction. Moreover, the token continues trading comfortably above the 100 EMA near $1.00, reinforcing bullish momentum despite cooling conditions across momentum indicators.

Derivatives Activity Returns

Open interest data from Coinglass also signaled renewed speculative activity after months of declining participation across the broader market. During the strong rally between May and In September 2025, open interest climbed above $2.5 billion before falling sharply as liquidations and profit-taking accelerated through late 2025.

Recently, open interest recovered toward $938 million, indicating traders have started positioning for larger price swings again. Besides, rising derivatives activity often reflects growing expectations for increased volatility as investors prepare for another major market move.

Resistance levels stay in focus.

Analysts identified $1.2816, $1.3756, and $1.5094 as the next important resistance zones during the current recovery structure. A breakout above this range could open the path toward $1.68 and $1.85 if buying pressure strengthens further in the coming sessions.

On the downside, traders continue watching $1.1876 as the nearest support level ahead of deeper zones near $1.0713 and $0.8833. However, the broader structure still favors buyers while SUI holds above the current consolidation channel after its recent breakout rally.

Exchange flow data showed selling pressure losing strength after months of heavy outflows during SUI’s decline from levels above $4.00. Additionally, inflows and outflows have recently balanced more evenly, suggesting accumulation activity has started returning gradually across the market. The latest session still recorded a negative net flow of $4.43 million. However, analysts noted that bearish momentum continues weakening as buyers absorb available supply.